The Sale of Portugal Construction Equipment Market to Witness 13K Units by 2027 | Arizton

According to Arizton's latest research report, the Portugal construction equipment market is expected to grow at a CAGR of 5.21% during 2022-2028. In Portugal, the mining industry is expected to boom. The mining industry is expected to reach 1,439 units by 2028, growing at a CAGR of 3.22%.

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GROWTH IN RECYCLE & WASTE MANAGEMENT INDUSTRIES SUPPORTS THE DEMAND FOR MEDIUM SIZE EXCAVATORS
Excavators are used for handling waste for recycling purpose. With the rise of recycling & waste management activities across the region, the demand for medium size excavator has increased. Hitachi Construction Machinery (HCE) introduced ZX300LCN-6 excavator in Portugal market for recycling work.
The excavators are replacing wheel loaders in Portugal market for recycling & waste management processes. Due to surge in recycling activities major OEMs such as Caterpillar, Kobelco & Volvo Construction equipment have also focused on introducing medium sized light weight excavator in Portugal market.

The growth in infrastructure investment under national development plan 2030, surge in civil engineering & housing projects in 2021, is expected to support the demand for excavators in Portugal market.
In 2021, Portugal government invested $45.1 billion for development of public & transport infrastructures. The government has also shifted its focus on renewable energy resources and planned to invest $26.2 billion to upgrade the renewable energy industry in the next 10 years.

Expected Growth in FDI Inflow in Renewable Energy Sectors of Northern & Alentejo Region

Foreign direct investment in 2021 was increased by 38%. The manufacturing & service industries attracted maximum FDI inflow in 2021. The Northern & Lisbon Region of the country attracted more than 80% of FDI inflow. European countries like France, Germany & UK were some investors in Portugal's economy in 2021. High growth in renewable energy sectors is expected in 2022 due to various ongoing solar projects in Porto & Mertola City of the northern & Alentejo region, respectively.

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